In the past 24 hours, the entire network contract liquidation of $132 million, both long and short positions

The post Ethereum’s ERC-8004 Brings AI-Driven Economic Potential appeared on BitcoinEthereumNews.com. Key Points: ERC-8004 launch by Cobo enables AI as economic entities in crypto. No immediate market impact noted yet. Potential for significant future Ethereum ecosystem evolution. Cobo’s co-founder Fish the Godfish introduced a groundbreaking crypto stack—x402, AP2, and ERC-8004—on September 17th, enabling AI agents to transact as economic entities officially. This technical advancement fosters new machine involvement in economic activities within Ethereum, anticipated to alter future DeFi landscapes, despite no current financial or market impact observed. ERC-8004 and AI: Transforming Ethereum Transactions Cobo’s ERC-8004 aims to transform the cryptocurrency landscape by allowing AI agents to engage in economic activities, introducing a stack that interlinks x402 and AP2 for seamless transactions. Fish the Godfish, the primary architect of this initiative, has highlighted the potential for AI to evolve into true economic agents, changing how transactions are approached in blockchain ecosystems. The introduction of this stack is a technological milestone, though no immediate financial impact has surfaced. The stack positions Ethereum as a hub for machine-led commerce, foreshadowing future changes in decentralized finance and smart contract applications. When AI learns to spend: From x402 to AP2, and then to ERC-8004, explore how to make the Agent a true economic entity. — Fish the Godfish, Co-founder and CEO of Cobo Reactions to the announcement have been cautiously optimistic, with many in the community anticipating advancements, although industry influencers have yet to comment. This caution suggests that while the technical potential is acknowledged, its market and practical impacts remain speculative. Ethereum’s Evolution: AI Agents and Market Dynamics Did you know? ERC-8004, hailed as a significant advancement, has historical parallels with early smart contract technologies that first enabled programmable transactions on blockchains. Ethereum (ETH) is valued at $3,957.24 with a market cap of 477,631,941,155. Its 24-hour trading volume is $15.36 billion, showing a -55.14% change,…

The post XRP (XRP) Faces Potential Downturn as Death Cross Pattern Re-emerges appeared on BitcoinEthereumNews.com. Ted Hisokawa Oct 24, 2025 16:07 XRP is on the brink of forming a ‘death cross’ pattern, reminiscent of its 65% crash in 2021. Experts warn of potential risks including falling burn rate and insider selling. The price of XRP, the cryptocurrency developed by Ripple, is currently navigating a challenging phase, marked by a significant decline from its peak earlier this year. According to CoinMarketCap, XRP has dropped by 34% from its highest point, situating it firmly within a bearish market. Death Cross Pattern and Historical Context A looming ‘death cross’ pattern on the daily chart is raising alarms among analysts. This technical chart pattern, which occurs when a short-term moving average crosses below a long-term moving average, has historically signaled a potential downturn. The last instance of this pattern for XRP was in 2021, leading to a dramatic 65% price drop. Current Market Conditions As of October 23, XRP was trading at $2.4137, a price level that reflects recent volatility and market consolidation. This price action is consistent with broader trends observed across the altcoin market, where significant price swings have been common since early October. Despite these challenges, XRP remains a key player in the cryptocurrency space, backed by robust fundamentals. Additional Risks for XRP Beyond the technical patterns, XRP faces other risks that could impact its price. Notably, the burn rate for the token is declining, which could affect its perceived scarcity and value. Furthermore, insider selling has been flagged as a potential concern, possibly contributing to downward pressure on the price. Market Developments and Future Outlook In contrast to the current bearish sentiment, Ripple’s ecosystem continues to expand. The recent launch of the REX-Oprey XRP ETF has been a significant milestone, quickly surpassing $100 million in assets. This…